301 Ocean Acres Drive W Lot #1, Kill Devil Hills

This high-yield investment opportunity in Ocean Acres is a fully renovated SINGLE -FAMILY home with flexible rental potential. It is not a multi-unit property but a single residence offering rentable private rooms, ideal for maximizing income while maintaining residential zoning. The main level features a spacious three-bedroom, two-bath layout with modern finishes, luxury vinyl flooring, and generous living space. On the ground level, two separate rentable areas have been thoughtfully designed: one includes a bedroom, full bath, flex space/office, private entrance, full kitchen (no stove), and in-unit laundry; the other is a one-bedroom suite with a full bath and great room/kitchenette (no stove). Additionally, a leased storage shed/workshop provides supplemental income. The property generates approximately $66,000 annually and has room to expand. All renovations were completed with proper permits and full town approval, ensuring compliance with local building codes and zoning regulations. Located near the Nags Head Woods Nature Preserve and the Ocean Acres stoplight, this home offers easy access to shopping, dining, and the Outer Banks lifestyle. With its strong rental appeal and strategic location, this single-family home presents a rare opportunity for investors seeking long-term growth and reliable returns.